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IRS Releases FAQs About Tax Filing and Payment Extensions

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On March 20, 2020, the Treasury Department and IRS announced that the tax filing deadline has been moved from April 15 to July 15 in response to the ongoing COVID-19 pandemic.

Now the IRS has released frequently asked questions and answers about filing and payment deadlines. A few things to note:

  • Question 3 covers which forms are included in the extension. Note that a Form 990-T with an original filing due date of April 15 has been extended. However, a Form 990-T with an original filing due date of May 15 has not been extended.
  • The answer to Question 4 states that both original April 15 due dates and extended April due dates are extended to July 15, but only for income tax returns, not information returns.
  • Question 10 explains that due dates for information returns (including Form 990) have not been extended.
  • The answer to Question 16 states that the due date for the April 15, 2020 first quarter estimated tax payment has been postponed to July 15, 2020. However, the June 15, 2020 second quarter estimated tax payment is still due on June 15. This will apply to ministers who do not have taxes voluntarily withheld from their pay.

Please contact us online or at info@capincrouse.com with any questions.

Ted Batson

Ted serves as partner, tax counsel, and Professional Practice Leader – Tax. As a certified public accountant and tax counsel, Ted advises exempt organizations of all sizes on a wide range of issues. This includes consulting on tax and employee benefit related matters, representation before state and federal tax authorities, and assistance with firm audit or advisory engagements to formulate advice and counsel on important operating and tax issues. Ted also leads the firm’s tax preparation practice, including IRS Forms 990 and 990-T and related state forms.

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